International Bancshares Corp (OQ:IBOC)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1200 San Bernardo LAREDO TX 78040 |
| Tel: | 1-956-7227611 |
| Website: | https://www.ibc.com |
| IR: | See website |
| Key People | ||
| Dennis E. Nixon Chairman of the Board, President, Chief Executive Officer of International Bank of Commerce | Judith I. Wawroski Chief Accounting Officer, Treasurer, Executive Vice President of International Bank of Commerce | Dalia F. Martinez Vice President, Executive Vice President of IBC |
| Business Overview |
| International Bancshares Corporation is a multibank financial holding company. The Company is engaged in providing a diversified range of commercial and retail banking services in its main banking and branch facilities located in north, south, central, and southeast Texas and the State of Oklahoma. The Company, through its subsidiary banks, is engaged in the business of accepting checking and savings deposits and the making of commercial, real estate, personal, home improvement, automobile and other installment and term loans. Its international banking business includes providing letters of credit, making commercial and industrial loans, and providing foreign-exchange services. The Company offers IBC Bank Online, an internet banking product that provides customers with online access to banking information and services, as well as IBC Mobile Banking, which provides users with banking access from their mobile devices. The Company has 256 automated teller machines (ATMs). |
| Financial Overview |
| For the three months ended 31 March 2024, International Bancshares Corp interest income increased 13% to $212.1M. Net interest income after loan loss provision decreased 4% to $150.6M. Net income decreased 4% to $97.3M. Net interest income after loan loss provision reflects decrease in interest earning assets and increase in interest bearing liabilities. Net income also reflects Time Deposits increase from $6.8M to $21.3M (expense). |
| Employees: | 2,062 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $3,558M as of Mar 31, 2024 |
| Annual revenue (TTM): | $824.10M as of Mar 31, 2024 |
| EBITDA (TTM): | $548.07M as of Mar 31, 2024 |
| Net annual income (TTM): | $407.46M as of Mar 31, 2024 |
| Free cash flow (TTM): | $357.26M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 62,176,953 as of Apr 29, 2024 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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